On April 12, the Urban Redevelopment Authority (URA) announced its housing development in Greater Southern Waterfront. When completed, the existing 48-hectare land of the Keppel Club will have a total of 9,000 residential units, including 6,000 public housing flats and 3,000 private residential units. Property consultants know better than HDB and URA? Real estate … [Read more...]
Property Soul Podcast Episode #6: Four Lessons Learnt From Scrapping of HSR
The most shocking news this week is no doubt the sudden decision of Malaysia to cancel the Kuala Lumpur-Singapore High Speed Rail project. What are the lessons learned for all of us? How big is the damage with scrapping of the high speed rail? Will it impact the Jurong Lake District development plan? How to survive and find opportunities out of the crisis? We … [Read more...]
How FOMO in the past becomes a regret today
The most shocking news this week is the sudden announcement of Malaysia to terminate the Kuala Lumpur-Singapore High Speed Rail (HSR) project. When Dr Mahathir declared that "Malaysia's decision to scrap the HSR project is final", his words immediately shattered the dreams of developers and home buyers who place high hopes on the value appreciation of properties near the … [Read more...]
What is so ‘grande’ about Lake Grande?
During the first weekend launch, MCL Land managed to sell 436 units or 60 percent of 710 units at Lake Grande. Buyers paid an average price of $1,368 psf for the units. Singaporeans accounted for 17 out of every 20 buyers. Two weeks later on National Day, the developer has moved a total of 470 units. Sales has slowed down significantly since then. According to the URA records, … [Read more...]
Is Jurong Lake District the next hotspot for property hunting?
I have to admit that Prime Minister Lee Hsien Loong’s 10th National Day Rally speech failed to get my attention the whole time. But the moment when I heard our PM said "I thought tonight I should show ... Jurong Lake - at sunset", my heart immediately skipped a beat. He devoted a big part of his speech to paint a heavenly picture of the Jurong Lake District, followed by all … [Read more...]